From a technical point of view, the $DAX30 index could form a Doublet Top Pattern on 15' chart.
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GER40 - 24h expiry -
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
15708 has been pivotal.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look to Sell at 15699 (stop at 15819)
Our profit targets will be 15401 and 15341...
Hello,Traders!
DAX went up sharply
And has hit a strong key
Resistance level of 15,640
From where a local
Pullback is to be expected
Towards the 15,420 target
Sell!
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Here is my view for GER30 on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DAX has gone a long way since our buy recommendation 2 weeks ago (see chart below). The technicals on the 1D time frame are firmly bullish (RSI = 60.575, MACD = 68.200, ADX = 31.986) and the RSI in particular is out of its Buy Zone and approaching the top of the Channel Down.
The index is trading inside a Channel Up for exactly 5 months and every bullish wave has...
Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we can see pretty similar scenario as on photo. Price changed the character and started to form new BOS. I expect we could see here a new BOS above buy stop liquidity and then to reject from weekly bearish order block.
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Break of declining trendline, hit of support then up to next resistance.
No material news this week, hopefully the bank drama has eased and should push up.
Here on Ger30 I'm looking for Buying opportunity after the price close above my Buy Level but before I take a trade on that I'll like to see the market firstly start by touching my Buy Level and go down for pullback the sign of Market retest before I'm looking for Buying opportunity above my Buy Level.
GER30 - In Daily timeframe we are now waiting for the pullback and we will see if it will reject the 0.5 lvl in 1 hr tf. Once if its rejected above the 0.5 lvl of fib tool we are bullish and look for a entry in lower timeframe.
DAX is trading inside a Channel Up and crossed today over both the 4hour MA200 and the Pivot Zone.
The 4hour MA50 is supporting (same with the RSI being on a Rising Support) and as long as it does, the Channel Up will be going for a Higher High.
Buy and target the 15700 Resistance but keep an eye for an RSI peak near 70.00.
Previous chart:
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We noticed a chartbook reversal short with Bouhmidi-Bands in DAX today. After Breaking the upper Bouhmidi-Band we created a short signal. With US opening we moved lower and started the reversal movement heading back and closing within Bouhmidi-Bands.
Cycle from 9.28.2022 low has ended as a 5 waves impulse at 15706.51. We labelled this rally as wave ((1)) as the 1 hour chart below shows. Wave ((2)) pullback is currently in progress to correct cycle from 9.28.2022 low. The decline from wave ((1)) peak on March 7, 2023 is unfolding as a double three Elliott Wave structure. Down from March 7, 2023 high, wave ((a))...
Ray DAX / GER40 Analysis posted before Hit again!! Unreal performance by a 6y old boy. Ray see short retracement to sell off to next POI lower... All credit to his mentor, ICT Innercircletrader, Michael changed his life.
